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The Auditor General has called for “urgent action” on town and community council finances after concluding that too many of them had governance and financial arrangements which were “disappointing” (pdf).
Town and community council raised £48.5million in precepts in 2017-18, but reserves totalled £38.7million as income outstripped expenditure.
Auditor General, Adrian Crompton, said: “Year after year, my auditors are uncovering deficiencies at Town and Community councils across Wales and the situation is worsening. This cannot continue. With rising incomes and increased responsibility, the sector needs to get a grip on financial management, now more than ever. My report needs to be read, digested, and acted upon – so that communities in Wales get the services and the assurance they rightly deserve.”